Laserfiche WebLink
-lAl <br />All <br />YI <br />1 <br />M, UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVFdtMUTY <br />1.40form cotenant IS of the Security Instrument is amended to read as follows: <br />Utf[001 s emill Imeftsum; Garasks Law; Seeetaaifity. This f07M of Security Instrument combines uniform covenants for national use <br />and;non- uniform covenants with limited variations by jurisdiction to constitute a uniform sn:eurity Justrument covering real properly. This <br />Sect MY Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any <br />pnstision or clause of this Security Instrument or the Note conflicts with applicable law, such. coaf6ct shall not affect other provisions at this <br />Secutity Instrument or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Security <br />inshTment and the Note are declared to be severable. <br />E: TRANSFER OF THE PROPERTY OR A BENMC1" MMtEST.IN BORROWER <br />UnWorm Covenant 7 of the Security lnstrumentis.amended to read as follows: <br />11' "Tr=Sfer of tae Property o: a BetteMal Intettst is Borravw. If all or any part of the Property or an interest therein is sold or tt=sferre� <br />(co if a beneficial interest in Borrower is sold or transferred and Borrower is not a �a�em1 aerson:4 a+hn�.r t....,r� ...:,,, ...;�... <br />acu¢cr may, ar L=='s opttot% d Clare all the sums secured by this Seri y InstruMMI to be lrmtdiately due and payable. However, this <br />aptfim shall not be exercised by Lender if exercise is not authorized by Fed_l Iasi. it tl ;2y +�aiu t ire exercise of this option if: (a) Borrower <br />caUs .s iDD . sub= bed to Lender information required by Lets .:r to etia'r: at, t8ir itste ferae as if a new loan were be ft nude to :he,. <br />',uyws and fb) - LMder reasonably detmmftvcs rhat Lev de .s s:+c try veil "na` br' ' cried <br />iM by tL. Imn assumption and these th'e rs <br />vittit2. oragrcementinthis Se�airinsasa35sa .cap abl►3: L36s. . <br />`,... I'o'; a nQ ptrrstitted by aleFl{coble IsR ,:T ender n 3 ooh awe a reasoY,�b a fde as a rai�dition to Ler3 's ca as2 to the loan assumption. <br />tkud�sri mgrs r s ittr trap ft?te to f f tht promises and agreem —Mis made in theNote and in this Security lustrumant. <br />` °if Lender vre:cisesucls.aptiaa uAacoelerate, bender shall mat! Borrower notice ofacceleration in accordance with paragraph 14 hereof. <br />Suaii notice shall r-*, de a P=i 4 -of not less than 30 days from the date the sauce is mailed within which Borrower may pay the sums declared <br />dun:: If Borrower fain to pay such sums prior to the expiration of such period. Lender may, without further notice or demand on Borrower, <br />im +cite any remedies permitted by this Security Instrument." <br />°Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has <br />nelttasM Borrower in writing." <br />F LOAN CHANGES <br />If the loan secured by the Security Instrument is subject to a taw which sets maximum loan charges, and that law is finally interpreted so <br />Rat the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan <br />Charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from borrower r ' <br />w!t %ch exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the <br />N%(,! or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the <br />New. <br />IN WITNESS S}11EREOF. Borrower arts executed this Adjustabk Rate Rider. <br />> �%Ls -B�� (Seal) •- <br />Carroll P. :lard BORROWER <br />, <br />BORROWER ( ) � w <br />f Patricia A. Ward <br />BORROWER (seal) <br />(SIGN ORIGINAL ONLY) <br />co I <br />00 � vs <br />S D w <br />fl <br />b <br />